EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

A bullish trend up to the next resistance at 1.62697 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 1.61695 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. In der Regel bedeutet das ein positives signal. Die Paarung wird wahrscheinlich steigen.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.62697 – 1.62594 – 1.62682 – 1.61695 – 1.61609 – 1.61838 —
1.61801 – 1.62072 —
34.387339588276 – 37.330113015499 —
– —
1.62697 – 1781902800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – – – – – – – – –